Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Energy Technologies Limited ( (AU:EGY) ) has issued an update.
Energy Technologies Limited has secured firm commitments to raise $1.96 million through a placement of 98,246,500 new shares at $0.02, a 20% discount to its recent closing price. The issue, conducted under existing ASX Listing Rule capacities and settling on 12 May 2026, will lift the company’s total shares on issue to 598,199,059.
The capital raised will be directed toward general working capital and supporting the company’s ongoing capital restructuring efforts, particularly reducing reliance on debt. Strong participation from existing and new sophisticated and institutional investors, including support from key shareholders and advisers, underscores market confidence in the company’s strategy and balance sheet repair.
More about Energy Technologies Limited
Energy Technologies Limited is an Australian energy technology company providing efficiency, usage and development solutions for electricity and renewables. Its operations span Bambach Wires and Cables in low voltage copper cables and renewable energy solutions, Dulhunty Engineering in fibre distribution, and Cogenic in laser optical engineering.
Average Trading Volume: 155,340
Technical Sentiment Signal: Sell
Current Market Cap: A$12.5M
Learn more about EGY stock on TipRanks’ Stock Analysis page.